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Gebroe-Hammer Associates 2 West Northfield Road Livingston, New Jersey 07039

Media Contact: Carin McDonald / (201) 796-7788 / [email protected]

GEBROE-HAMMER ASSOCIATES NAMES NICHOLAS NICOLAOU ‘SALESPERSON OF THE YEAR’ Hudson County Market Specialist Records $38+ Million in Sales in Last 12 Months

LIVINGSTON, N.J., Jan. 21, 2013 – Hard work, exceptional sales performance and unwavering dedication to client satisfaction have earned Nicholas Nicolaou the coveted Gebroe-Hammer Associates Salesperson of the Year award, the firm’s top honor. Nicolaou, who joined the Livingston, N.J.-based investment brokerage firm three years ago, also was promoted from sales associate to vice president, according to Ken Uranowitz, company president. The announcement was made at Gebroe-Hammer’s 37th Anniversary Party recently held at the Crestmount Country Club in West Orange.

Named in memory of the firm’s founders, Mel Gebroe and Morris Hammer, Salesperson of the Year recognizes one brokerage professional for exceptional, consistent performance. It is a peer-selected award based on a vote of all Gebroe-Hammer salespeople.

“Niko is an extraordinarily capable multi-family investment broker whose depth and breadth of knowledge have been instrumental to Gebroe-Hammer’s success, particularly in the Hudson County market,” said Uranowitz. “He is one of our industry’s fastest rising stars who earns new and repeat business and client trust the old- fashioned way – by building relationships and never shying away from a complex transaction.”

Nicolaou joined Gebroe-Hammer’s industry-unique training and mentoring program as a Hudson County market specialist after working at two prominent national brokerage firms, where he closed only one deal. At the close of his first full year at Gebroe- Hammer, he ranked among the firm’s top three brokerage professionals, orchestrating transactions valued at more than $32 million. In the past 12 months, Nicolaou has closed more than $38 million in transactions throughout Northern New Jersey. “In his three years at Gebroe-Hammer, Niko has closed an impressive 36 deals, which is in

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stark contrast to the one deal he closed in three years while with his previous employers,” said Uranowitz.

Today, he is a vital member of the firm’s sales team, newly promoted to the management team and is among its top performing brokers, consistently recording deals, both traditional and distressed, at a high rate of velocity. He specializes in investment real estate sales of multi-family properties, concentrating on New Jersey’s urban markets along the Hudson River waterfront. His activities also include mixed-use and free-standing office and retail properties.

“Before starting at Gebroe-Hammer, I was working for another well-known brokerage firm, but was drawn to Gebroe-Hammer’s reputation; well-established 37-year relationships with the most prominent real estate owners, attorneys and bankers; comprehensive knowledge of the industry; and their commitment to cultivating new talent,” said Nicolaou, a graduate of Monmouth University and Ocean Township High School. “My experience with the company has been very fulfilling. I am honored and humbled to receive this prestigious award, and look forward to continuing – and building upon – my success here for many, many years to come.”

Gebroe-Hammer Associates specializes in suburban and urban high-rise, mid-rise and garden-apartment properties throughout New Jersey, New York and Pennsylvania, including Philadelphia. Widely recognized for its consistent sales performance, Gebroe- Hammer is an eight-time CoStar Power Broker.

About Gebroe-Hammer Associates